Paying Yourself from a Limited Company

Yeah, that's fine (we are talking a company you own fully...not one you may get a 5% stake in yeah?!)

Ideally you'll have a rough idea of what you'll bring in in advance, and using something like the wondrous FreeAgent, you'll set it up to pay you a salary of ~£450-500/month, and dividends of (say) £1,000/month. Make sure this is less than whatever money the company's bringing in (if it's not, the dividend may well be illegal).

Then every now and then if the bank balance is looking particularly healthy, feel free to take out another chunk as dividend.

That's roughly how it works. Other factors may come into play, like timing of dividends to avoid going into the higher rate tax bracket, employing a spouse/giving them shares (and hence dividends), pension contributions etc etc.

__________________
Signature has Expired